Essays by leading economic thinkers reflecting the influence of 2001 Nobel Prize winner Joseph E. Stiglitz. Throughout Joseph Stiglitz's long and distinguished career in economics, the focus has been on the real world, with all of its imperfections. His 2001 Nobel Prize recognized his pioneering research in imperfect information; his work in other areas, including macroeconomics, public economics, and development economics, has been just as influential. This volume, a collection of essays written to mark Stiglitz's sixtieth birthday, reflects the wide-ranging influence of "Stiglitzian" economics. The many distinguished contributors are his teachers, students, and coauthors; their participation testifies to the personal and professional impact of Joseph Stiglitz's contributions to contemporary economic thought.

Expanding upon the literature of new institutional economics, the first part of this study stresses the significance of imperfections in information, bankruptcy and banks. The second part examines the policy implications of the new paradigm emphasizing loanable fund demand and supply, and demonstrates its relevance to our understanding of two recent historical episodes--the East Asian financial crisis and the 1991 U.S. recession and subsequent recovery and boom.

In recent years, scholars from a variety of disciplines have addressed many perplexing questions about the Industrial Revolution in all its aspects. Understandably, economics has become the focal point for these efforts as professional economics have sought to resolve some of the controversies surrounding this topic. First published in 1985, this collection contains ten key essays written by leading economists on the subject of the Industrial Revloution. Among the questions discussed are the causes for the pre-eminence of Britian, the roles of the inputs for growth (capital, labor, technical progress), the importance of demand factors, the relation between agricultural progress and the Industrial Revolution, and the standard of living debate. The essays demonstrate that the application of fresh viewpoints to the literature has given us a considerable new body of data at our disposal, making it possible to test commonly held hypotheses. In addition, this new data has enabled economists to apply a more rigorous logic to the thinking about the Industrial Revolution, thus sharpening many issues heretofore blurred by slipshod methodology and internal inconsistencies.

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"Legendary economist Hyman Minsky identified author William H. Janeway as a 'theorist-practitioner' of financial economics; this book is an expression of that double life. Interweaving his unique professional perspective with political and financial history, Janeway narrates the dynamics of the innovation economy from the standpoint of a seasoned practitioner of venture capital, operating on the frontier where financial speculation intersects with novel technology. In this fully revised and updated edition, Janeway develops his theory that asset bubbles play a central role in financing technological innovation and that state investment in national goals enable the innovation process. Now, the Digital Revolution, sponsored by the state and funded by speculation, has matured to attack the authority, and even the legitimacy, of governments. The populist response in the West, especially in the United States, opens the door for China to seize leadership of the innovation economy from America"--

"Lord Stern, author of the Stern Review on the Economics of Climate Change and former Chief Economist at the World Bank, is the world's leading authority on what we can do in the face of such unprecedented threat. Action on climate change will require the greatest possible international collaboration, but if successful will ensure not just our future, but our future prosperity. Focusing on the economic management of investment and growth from the perspective of both adaptation and mitigation, Stern confronts the most urgent questions facing us now: what is the problem; what are the dangers; what can be done to reduce emissions, at what cost; how can the world adapt; and, what does all this mean for corporations, governments and individuals. A Blueprint for a Safer Planet provides authoritative, inspirational, and hopeful, answers."--Jacket.

This collection of Seligman's articles and addresses on fiscal theory and policy includes "Comparative Tax Burdens in the Twentieth Century," "Income Taxes and the Price Level," "Are Stock Dividends Income," "The Sales Tax," "The Problem of Tax-exempt Securities," and "The Reform of Municipal Taxation."

'Bower's book is a devastating indictment' Sunday Times 'Explosive ... Bower reveals a remarkable and sinister picture of the man who likes to appear as the ever-smiling hero' Daily Mail A sensational critical biography of the man and his business practices. No British tycoon is better known, few claim to be richer and none has masterminded a more recognisable brand than Richard Branson. What is behind the success of the buccaneering balloonist, the tabloids' favourite celebrity nude, the 'grinning jumper' and the scourge of corporate goliaths? Tom Bower has a uncovered a different tale to the one so eagerly promoted by Virgin's publicists. Here is the full story of Branson: his businesses, his friendships, his ambition, his law-breaking, his drug-taking, his bullying. Offering an intimate scrutiny of exactly how Richard Branson created and sold himself, this biography reveals Branson to be a single-minded profiteer who, while occasionally generous to others, has a fixed purpose to enhance his family's wealth in secret off-shore trust funds. Instead of a glittering saint, Branson emerges as a devious actor, proud of plucking for his own profit the good ideas of others.

The impossible people who make life’s journey so difficult are everywhere—at the office, in restaurants, on airplanes, living next door, members of your own family. They’re . . . • your “nothing is ever good enough” boss • the “no price is ever low enough” client • the next-door neighbor who redefines the meaning of paranoia • the maître d’ who looks through you as if you don’t exist • the father-in-law who you know is always thinking about how much better a life his Janey or Joey would have if only married to someone other than you Ron Shapiro and Mark Jankowski give you a simple and highly effective 4-point plan for dealing with all of them and more—N.I.C.E. Their system shows you how to neutralize your emotions so you don’t just react but act purposefully and wisely. It enables you to identify the type of bully, tyrant, or impossible person you’re facing—the situationally difficult (something has happened that turns an otherwise reasonable person into a temporary terror); the strategically difficult (she has empirical evidence that being difficult is a strategy that gets results); or simply difficult (being difficult is his 24/7 M.O.). Then you’ll learn how to shape the outcome by controlling the encounter and, finally, how to get “unstuck” by exploring your options. Using colorful stories from all walks of life— “He called me the scum of the earth and it went downhill from there,” “First, lock all your vendors in a small room,” and “The boss from hell”—the authors bring their lessons to life, from business life to family life.

The nature and effects of globalization are coming under critical scrutiny across all continents. This book focuses on one aspect, the globalization of cities. It examines the claim that the state is powerless to influence events, and that history, geography, and culture have become irrelevant in the worldwide trend towards a uniform urban model; a model which features increased segregation, decline of the central city, and social polarization. The international team of contributors is well placed to put these claims in perspective. Drawing on their experiences of cities as diverse as New York and Warsaw, Istanbul and Sao Paulo, they demonstrate that states and cities have adopted widely varying approaches to the advent of globalization; and that its impact has been constrained by each city's history, physical layout, location, environment, role in the international economy, and demographic composition. The diversity of urban development and political response revealed is enormous, and provides ample practical examples of what might be done to bring about improvements for the increasing number of people who live in cities.

"The future of employer-provided health insurance is a #1 concern for business owners, financial executives and insurance professionals. Existing "health insurance" books focus only on public policy or consumers. Using the techniques outlined in this book, employers and their workers learn to save money on health insurance by migrating from group to individual plans at a total cost that is 20-60% lower for the same coverage (That's a savings of $4,000-$12,000 per year for a family of four). We are at the beginning of a huge transformation in the health insurance industry in which 120 million people are expected to move from group to individual insurance by 2025. Similar to the shift from defined benefit pensions to defined contribution 401(k) plans, the end of employer-provided health insurance will create opportunities for new entrants the way 401(k) plans led to the massive growth of Schwab, Fidelity and Vanguard"--

Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption. He proceeds to examine the Fed's policies of the 1920s, demonstrating that it was quite inflationary even if the effects did not show up in the price of goods and services. He showed that the stock market correction was merely one symptom of the investment boom that led inevitably to a bust. The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy. Had the book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward.--Amazon.com

When Mickie Siebert arrived in New York in the mid-1950s, she had $500 in her wallet and drove a used Studebaker. Almost fifty years later she is known as the "First Woman of Finance," the only woman to head a publicly traded national brokerage firm. Pithy, vastly entertaining, and full of behind-the-scenes anecdotes, Changing the Rules reveals how Siebert forged her phenomenal success in the chaotic and cutthroat world of Wall Street. Three four-letter words are behind Siebert's career success: One is work -- she learned everything there was to know about a company before recommending its stock. The second is luck -- as an analyst in training, she had the good fortune to follow a fledgling industry that nobody else wanted. (The "dog" industry was airlines.) The third word is risk -- she knew how to assess liability and make a decision. Siebert recounts the resistance of the good gray Stock Exchange when she dared to infiltrate the boys' club, threatening to have a Port-O-San delivered to the NYSE luncheon club if they didn't add a women's bathroom. She reveals the backstage stories about saving Lockheed and selling Conrail (at the time, the largest stock offering in Wall Street history), as well as the changes on the Street that led to May Day, 1975, when she was first in line as a discount broker (and considered a pariah by industry standards). She tells of her memorable encounters with such legendary figures as Captain Eddie Rickenbacker, the World War I flying ace who ran Eastern Airlines, and Robert Brimberg, the iconoclastic "Scarsdale Fats" whose investing acumen was the envy of the Street. Writing with equal candor about the politics of finance and the finance of politics, Siebert recalls her five years as Superintendent of Banking for New York State -- when she helped to prevent a national fiscal crisis during the Iran hostage situation -- and her experiences as a pro-choice Republican senatorial candidate. Siebert's reputation for rocking the boat is legendary, and Changing the Rules is both a fascinating biography of a true pioneer, and a valuable strategic and informational tool for anyone who deals with or dabbles in the money game.

Moishe Postone undertakes a fundamental reinterpretation of Karl Marx's mature critical theory. He calls into question many of the presuppositions of traditional Marxist analyses and offers new interpretations of Marx's central arguments. He does so by developing concepts aimed at grasping the essential character and historical development of modern society, and also at overcoming the familiar dichotomies of structure and action, meaning and material life. These concepts lead him to an original analysis of the nature and problems of capitalism and provide the basis for a critique of 'actually existing socialism'. According to this new interpretation, Marx identifies the core of the capitalist system with an impersonal form of social domination generated by labor and the industrial production process are characterized as expressions of domination generated by labor itself and not simply with market mechanisms and private property. Proletarian labor and the industrial production process are characterized as expressions of domination rather than as means of human emancipation. This reinterpretation entails the form of economic growth and the structure of social labor in modern society to the alienation and domination at the heart of capitalism. This reformulation, Postone argues, provides the foundation for a critical social theory that is more adequate to late twentieth-century capitalism.

From the depression of the 1890s through World War I, construction tradesman held an important place in San Francisco's economic, political, and social life. Michael Kazin's award-winning study delves into how the city’s Building Trades Council (BTC) created, accumulated, used, and lost their power. He traces the rise of the BTC into a force that helped govern San Francisco, controlled its potential progress, and articulated an ideology that made sense of the changes sweeping the West and the country. Believing themselves the equals of officeholders and corporate managers, these working and retired craftsmen pursued and protected their own power while challenging conservatives and urban elites for the right to govern. What emerges is a long-overdue look at building trades as a force in labor history within the dramatic story of how the city's 25,000 building workers exercised power on the job site and within the halls of government, until the forces of reaction all but destroyed the BTC.

"[The editors] cast their net wide, picking up some excellent stories from nontraditional sources that even avid readers of the business press may have missed."-"USA Today," on the 2001 edition Series editor Andrew Leckey and guest editor Ken Auletta have scoured the print media, consulted with the editors of major business and general interest publications, and surveyed journalism school deans to find the best business stories from the last twelve months. Among those selected: Michael Lewis on teenage stock trader Jonathan Lebed, from "The New York Times Magazine"; James B. Stewart on the irrepressible Michael Milken, from "The New Yorker"; and many others from the pages of "The Wall Street Journal, Rolling Stone, Fortune, Rocky Mountain News, "and" Wired. " The second annual edition continues the excellence and comprehensive range of this fascinating anthology series.

Ever wonder why so many B actors wind up as A-grade politicians? Or how the casting couch worked? Acclaimed author Kathleen Sharp traces the influence of show business through the lives of its first power couple. Edie and Lew Wasserman built the world's largest talent agency, MCA, created the multibillion-dollar Universal Studios, and helped shape Washington, DC. Starting from MCA's birth in gangland Chicago, Lew represented stars such as Jimmy Stewart and Marilyn Monroe; pioneered TV with Leave It to Beaver and Miami Vice ; spawned the blockbuster movie model with Psycho and Jaws ; and developed a mega-theme park. His savvy wife, Edie, was the daughter of a mob attorney, the queen of A-list parties, and Lew's secret agent who boosted their status. Yet, the couple was attacked by rivals, federal prosecutors, and their own protégés. Even so, over the course of seven decades they managed to vanquish their enemies and parlay their influence far beyond Sunset Strip into governors' mansions, Senate chambers, and the White House. At the end, Edie and Lew became diplomats, kingmakers, and philanthropists, who elevated the fortunes of middle-class workers and California itself. Based on some four hundred interviews, this book features Janet Leigh, Clark Gable, Grace Kelly, John Belushi, Jean Stein, and Steven Spielberg along with the Kennedys, the Johnsons, the Reagans, and the Clintons. It's a fascinating read about how two kids from Cleveland created the largest entertainment conglomerate in the world and wound up ruling twentieth-century America.

The essays in this volume, by veteran economists as well as younger scholars, are part of a radical attempt to grapple with the problems of advanced capitalist development without discarding the real theoretical breakthroughs made by Keynes. The contributors argue that Keynes was correct in pointing to the economic contradictions stemming from unemployment, income inequality, and speculative finance, but failed to consider the class composition of social output, the macroeconomic effects of the modern firm, and the atrophy of investment under conditions of capitalist maturity. They thus seek to uncover the sources of stagnation under monopoly capitalism by building on the work of three of the great economists of modern times: Marx, Keynes, and Kalecki.

"Heinz von Foerster was the inventor of second-order cybernetics, which recognizes the investigator as part of the system he is investigating. The Beginning of Heaven and Earth Has No Name provides an accessible, nonmathematical, and comprehensive overview of von Foerster's cybernetic ideas and of the philosophy latent within them. It distills concepts scattered across the lifework of this scientific polymath and influential interdisciplinarian. At the same time, as a book-length interview, it does justice to von Foerster's élan as a speaker and improviser, his skill as a raconteur. Developed from a week-long conversation between the editors and von Foerster near the end of his life, this work playfully engages von Foerster in developing the difference his notion of second-order cybernetics makes for topics ranging from emergence, life, order, and thermodynamics to observation, recursion, cognition, perception, memory, and communication. The book gives an English-speaking audience a new ease of access to the rich thought and generous spirit of this remarkable and protean thinker"--

A reissue of Eric H. Cline's highly regarded study of trade in the Late Bronze Age Aegean, first published in 1994 and out-of-print since 2000. The monograph is composed of three principal parts: 1) an analytical section discussing the trade and contacts which occurred between the Aegean, Italy, Egypt, and the Near East during the latter half of the second millennium BC, and the social, economic and cultural implications of such contacts; 2) first, a catalogue of literary and pictorial references to the LBA Aegean found in outside areas - primarily Egypt and the Near East - with transliterations and translations of the appropriate texts, and second, a compilation of the references to, and loanwords from, other areas of the Mediterranean found in the Linear B texts in the Aegean; and 3) a catalogue, by object type, of all the Orientalia and Occidentalia found in LBA contexts within the Aegean area. The monograph utilizes the catalogues in combination with previously published works by a variety of scholars to provide a detailed analysis of the trade and contacts between the LBA Aegean, Italy, Egypt and the Near East. The work is divided into six sections, each consisting of a series of interlinked essays. Section One provides an introduction to the topic, a brief overview of the previous scholarship in this area, and a discussion of the chronological problems involved. Section Two consists of an initial chapter discussing LBA trade and contact between the Aegean, Italy, Egypt and the Near East by centuries, followed by chapters discussing trade between the LBA Aegean and individual Mediterranean countries. Section Three contains discussions of the trade mechanisms involved, the trade routes, merchant nationalities, goods, motivations, and partnerships, plus a brief look at the Ulu Burun (Kas) and Cape Gelidonya shipwrecks. Section Four presents an overview of the conclusions reached by this study and reiterates that the current work presents much raw data and some preliminary observations but is only the tip of the iceberg in terms of tapping the wealth of information which may be extracted from the accompanying catalogues.